Transcription of Surplus Apportionment Information Booklet - MIBFA
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Surplus Apportionment Information Booklet - MIBFA
Page 1 Engineering Industries Pension Fund Surplus Apportionment Information Booklet Page 2 Index 1. Introduction Page 3 2. History of EIPF Page 3 3. Stakeholders Page 4 4. Actions by the Board of Trustees to obtain all the former member data Page 5 5. Financial position of the EIPF prior to the Surplus Apportionment Page 5 6. Surplus deemed improperly utilised by the employer Page 5 7. Contingency reserves Page 5 8. Surplus available for Apportionment Page 6 9. Prescribed minimum benefits : Former members Page 7 10. Prescribed minimum benefits : Pensioners Page 8 11. Remaining Surplus Page 9 12.
Page 4 3. Stakeholders The following parties are considered as “stakeholders” in terms of the Act and must be included in the surplus apportionment scheme as at 1 April 2008:
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